12707 Marble Dr

Houston, TX 77070
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1,680 Sqft. ($155/Sqft.)
19,596 Lot Sqft
Multi-Family - Duplex

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Description

Investor Opportunity! This duplex has a combined total of 1,600 (800 each) sqft of living space, with each unit featuring 1 bedroom and 1 bathroom, at least 20% bigger than average apartments. The 12707 unit includes an additional 400 sqft detached den, perfect for extra income. Appliances are included (ranges, dishwashers, washers, and dryers). The property is ideally located, less than 10 minutes walking to a park with a playground, dog park, and pool, and a short drive to Willowbrook Mall, Vintage Park, HEB, and Target. Recent renovations in 2024 and 2023! Both units are currently leased—12707 for $1,450/month until April 2025, and 12711 for $1,500/month until September 2024—generating gross rents of $2,950. Monthly expenses for lawn, water, sewer, and trash total $250. At a 7% interest rate and 10% down payment, PITI is $2,366, yielding a cash flow of $268/month and an impressive first-year cash-on-cash return of 12.34%. Don't miss out on this lucrative investment opportunity!

MLS#
60486171
List Price
$260,000 ($155/Sqft.)
Listing Status
For Sale
Address
12707 Marble Dr
City
State
TX
Zip Code
County
Legal Description
LT 18 & TR 19A BLK 13 TALLOW WOOD SEC 2 R/P
Property Type
Multi-Family - Duplex
Stories
1
Building Size
1,680 Sqft/Appraisal District
Year Built
1981 /Appraisal District
Lot Size
19,596 Sqft./Appraisal District
Maintenance Fee
$800 / Annually
Key Map©
369L
Market Area

Exterior

Roof
Composition

Interior

Cooling
Central Electric
Heating
Central Electric

Rooms

1 Bdr #
2

Lot information

Lot Size
19,596 Sqft. /Appraisal District
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Disclaimer: Lot configuration and dimensions are estimates, not based on personal knowledge and come from a third party (Digital Map Products); therefore, you should not rely on the estimates and perform independent confirmation as to their accuracy

Additional information

List Type
Exclusive Right to Sell/Lease
Buyer Agent Compensation*
2.25%
Sub Agent Compensation*
2.25%

*Disclaimer: Listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Financial

Other Fees
No
Maintenance Fee
Yes / $800 / Annually
Maint Fee Includes
Recreational Facilities
Taxes w/o Exemp
$7,536/2023
Tax Rate
2.3258

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Property tax

Cost/Sqft based on tax value

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Down Payment Assistance

Mortgage

Create and estimate your monthly mortgage payment and property taxes, based on past rates.

Estimated Monthly Payments

DOWN PAYMENT
Loan Term
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Full Page
Presented by TimeValue Software ©2021
Principal & InterestTaxes30.4%69.6%
Listing TaxNumbers
Principal & Interest2,841
Taxes1,242
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Subdivision Facts

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Market update video

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Schools

School information is computer generated and may not be accurate or current. Buyer must independently verify and confirm enrollment. Please contact the school district to determine the schools to which this property is zoned.

Assigned schools

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Source

Houston Association of REALTORS
Source last updated Jun 01, 2024 at 11:47 PM
Listing last updated May 29, 2024 at 10:27 AM

12707 Marble Dr, Houston, TX 77070. View photos, map, tax, nearby homes for sale, home values, school info...

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